Rotfuß, Waldemar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
This paper presents an introductory analysis of price formation and volatility in the European Union Emissions Trading Scheme using highfrequency data. The results show that there are several anomalies both in the EUA spot and EUA futures market. First, price formation seems to take place on...
